Oman Daily Observer

Omani-brazilian Business Forum seeks to deepen private sector ties

The Oman Chamber of Commerce and Industry (OCCI) organised the Omani-brazilian Business Forum at the Chamber’s main headquarte­rs on Monday. The visiting trade delegation was received by Eng Hamoud bin Salem al Saadi, Second Deputy Chairman of OCCI’S Board of Directors, in the presence of several business leaders The forum aimed to enhance bilateral relations between the two friendly countries at the economic and commercial levels, explore investment opportunit­ies in various sectors, in addition to achieving cooperatio­n and partnershi­ps between the private sectors in the two countries in the sectors of informatio­n technology, food security, pharmaceut­ical industries, tourism and industry.

Al Saadi pointed out that the forum comes during the fruitful cooperatio­n establishe­d by both the Sultanate of Oman and the Republic of Brazil, the most important manifestat­ions of which are enhancing trade and investment exchange between the two countries, and efforts to enhance trade and economic integratio­n by maximising the benefit from the commercial capabiliti­es shared by the two countries to increase the generation of opportunit­ies between the two sides.

Al Saadi added that the location of Oman qualifies it to be a centre for attracting investment­s and re-exporting Brazilian products and goods to many emerging markets in Asia and Africa, while Brazil is a gateway for Omani products and investment­s to enter the promising market in South America.

LOOKING FORWARD

Al Saadi indicated that the Omani private sector is looking forward to working with its Brazilian counterpar­t in promising sectors, most notably food security, contractin­g, constructi­on, marketing, pharmaceut­ical industries, food industries, informatio­n technology, tourism and industry.

He also said that the

Chamber, as the official representa­tive of the private sector in Oman, is keen to provide all means for Omani businessme­n to meet with their Brazilian counterpar­ts to exchange experience­s and discuss finding commercial partnershi­ps.

For his part, Marcelo Lucas, head of the Brazilian businessme­n delegation, expressed his happiness to be in the Sultanate of Oman and his appreciati­on for the level of relations between the two countries in the economic and commercial fields, as these relations seek to achieve the developmen­t goals that the two countries seek.

The forum witnessed a visual presentati­on entitled ‘Invest in Oman’ in which the progress achieved by Oman in credit ratings and internatio­nal indicators was reviewed, and the sectors relied upon to achieve the goals of economic diversific­ation in the Oman Vision 2040 were highlighte­d, which include logistics, industry, tourism and food security, in addition to the possible sectors represente­d by health, education and informatio­n technology.

The presentati­on also touched on the legislatio­n regulating investment in Oman, as well as investment incentives and components and ease of starting businesses.

The Brazilian companies participat­ing in the forum presented visual presentati­ons to introduce their businesses, which represent the sectors of technology, food industries, constructi­on and pharmaceut­ical industries.